Foodservice Price Inflation

Hospitality food price inflation remains 'more than double the rate' of retail

03-Apr-2024 By James McAllister

Hospitality food price inflation remains more than double the rate seen in the retail sector despite steady easing over the last year, the latest CGA Prestige Foodservice Price Index reveals.

Challenges remain despite continued easing of foodservice price inflation

04-Mar-2024 By James McAllister

The CGA Prestige Foodservice Price Index recorded year-on-year inflation of 12.6% in January — a drop of 1.2 percentage points from December's rate of 13.8%.

New border checks ‘threaten resurgence’ in foodservice price inflation

25-Jan-2024 By James McAllister

Apprehension is growing about a resurgence in foodservice price inflation as a result of new border checks, the latest CGA Prestige Foodservice Price Index reports.

Business set to ‘feel the heat’ on food prices ‘for some time to come’

09-Jan-2024 By James McAllister

Analysts have warned that businesses across the food supply chain will be ‘feeling the heat on prices for some time to come’ as inflation continues to fall slowly.

Foodservice price inflation falls to lowest level since August 2022

30-Nov-2023 By James McAllister

Inflation as measured by the CGA Prestige Foodservice Price Index (FPI) fell for the fifth consecutive month in October, dropping to its lowest level since August 2022.

Fall in food and drink prices not expected until ‘at least early 2025’

03-Oct-2023 By James McAllister

A fall in food and drink prices, otherwise known as deflation, is unlikely until ‘at least early 2025’, according to analysis from the latest CGA Prestige Foodservice Price Index.

Food inflation in hospitality slows slightly as retail prices begin to fall

07-Sep-2023 By James McAllister

Inflation as measured by the CGA Prestige Foodservice Price Index fell marginally to 21.7% year-on-year in July.

Chain restaurants drive menu price increases

07-Aug-2023 By Restaurant

Food menu inflation has increased by 14.4% year-on-year, according to Lumina Intelligence’s latest Menu Tracker Quarterly Report of Q2 2023, driven primarily by chain restaurants and QSR operators.

Food prices in hospitality surge again

31-Jul-2023 By James McAllister

Inflation as measured by the CGA Prestige Foodservice Price Index rose again to 22.6% year-on-year in June — close to the record high of 22.9% in December 2022.

Falling petrol and food prices lead to a drop in inflation

19-Jul-2023 By Restaurant

Inflation has fallen to its lowest level for 15 months, driven by a drop in food and fuel prices.

Foodservice prices rise by more than a third in two years

28-Jun-2023 By James McAllister

Year-on-year inflation as measured by the CGA Prestige Foodservice Price Index increased again to 21.6% in May — only just below the record high of 22.9% of December 2022.

Hospitality remains stretched by rising prices

26-Jun-2023 By Shwetali Sapte

Supply chain fragility continues to hit hospitality, with the cost of goods sold at 27.3% in February 2023, an increase of more than five percentage point in less than two years, according to new data from Fourth.

Foodservice price inflation jumps back above 20% in April

14-Jun-2023 By James McAllister

Year-on-year inflation in foodservice prices rose unexpectedly to 21.4% in April 2023, according to the new edition of the CGA Prestige Foodservice Price Index.

Foodservice price inflation falls below 20% for the first time in five months

12-May-2023 By James McAllister

The food and drink sector received small but welcome relief on soaring prices as inflation dropped to 18.9% in March 2023, the latest CGA Prestige Foodservice Price Index reveals.

Fish and chip prices up by a fifth

04-May-2023 By James McAllister

The average cost of a plate of fish and chips is now £9, having increased by a fifth.

Foodservice price inflation shows signs of easing but remains above 20%

14-Apr-2023 By James McAllister

Year-on-year food inflation fell slightly to 20.6% in February 2023, the new CGA Prestige Foodservice Price Index reveals.

Foodservice price inflation in first fall since September 2021

23-Feb-2023 By James McAllister

Foodservice price inflation fell slightly to 22.0% in January, the new edition of the CGA Prestige Foodservice Price Index (FPI) reveals.

Food price inflation hits record high of 24%

25-Jan-2023 By James McAllister

The CGA Prestige Foodservice Price Index (FPI) ended 2022 at record highs, with the food basket nearly one quarter higher than December 2022 at 24%.

Foodservice price inflation hits 21.5%

19-Dec-2022 By James McAllister

The CGA Prestige Foodservice Price Index continued its strong upward trend during November 2022 to reach record inflation of 21.5%.

Food prices rise by a fifth in just 12 months

17-Nov-2022 By James McAllister

The CGA Prestige Foodservice Price Index (FPI) continued its relentless upward march again during October to hit 19.9% — a ninth consecutive month of double-digit inflation.

Hospitality food and drink price inflation edges closer to 20%

08-Nov-2022 By Restaurant

Food and drink price inflation in the hospitality sector hit another record high in September, up more than three percentage points on the previous month.

English companies face £25bn business rates tax rise

19-Oct-2022 By Restaurant

Businesses in England are facing a £25bn business rates tax hike over the next five years on the back of inflation hitting double digits, it has been forecasted.

Hospitality food and drink price inflation reaches 15% for the first time

07-Oct-2022 By Restaurant

Food and drink price inflation in hospitality rose to 15% in August, the first time it has done so in the history of the CGA Prestige Foodservice Price Index.

Menu prices set to rise a further 6% in next 12 months

17-Aug-2022 By James McAllister

Hospitality leaders plan to raise menu prices by a further 6% in the next 12 months, CGA and Fourth’s new Business Confidence Survey reveals.

Drought fears cause concern as food prices surge further

08-Aug-2022 By James McAllister

Concerns are growing about drought conditions in many parts of the UK, the latest CGA Prestige Foodservice Index reveals, amid a fifth consecutive month of double-digit percentage inflation.

Food costs rocket by 'up to 40%' for hospitality businesses as supply chain fragility hits hard

18-Jul-2022 By James McAllister

Spiralling costs and major disruption to the supply chain are having a drastic impact on hospitality operators’ food and drink bills and profits, according to latest data from Fourth.

Foodservice inflation 'may yet rise further' as it hits double digits for fourth successive month

15-Jul-2022 By James McAllister

Inflation in the foodservice sector topped 10% for the fourth successive month in May and could rise further, the latest CGA by NielsenIQ and Prestige Foodservice Price Index warns.

Just Eat launches £1m support fund to help small businesses facing inflationary pressures

14-Jul-2022 By James McAllister

Just Eat has announced the launch of a £1m financial support package for its small, independent restaurant partners, designed to help businesses as they navigate rising inflation.

Foodservice price inflation hits another record high as supply issues mount

10-May-2022 By James McAllister

Year-on-year inflation in the foodservice sector hit 13.6% in March 2022, the latest CGA Prestige Foodservice Price Index shows.

Hospitality businesses face 'existential threat' as foodservice price inflation hits double digits

12-Apr-2022 By James McAllister

Year-on-year inflation in the foodservice sector hit 10.2% in February 2022, the latest edition of the Foodservice Price Index from CGA and Prestige Purchasing reveals.

Food and drink prices set to rise as a result of war in Ukraine

07-Mar-2022 By Restaurant

The price of food and drink items including bread, beer, pasta, and pork are likely to rise as a result of the ongoing war in Ukraine.

Food and drink price inflation surges to 3.5%

21-Feb-2022 By James McAllister

Year-on-year foodservice inflation reached 3.5% in December 2021 with further prices rises forecast over the next three to six months, a new report from CGA and Prestige Purchasing shows.

Foodservice prices 'under severe pressure' as sharp cost increases predicted over winter

17-Nov-2021 By James McAllister

Rising demand, product shortages and distribution issues are combining to put foodservice prices 'under severe pressure' as the run-up to Christmas begins, the latest CGA Prestige Foodservice Price Index reveals.

Foodservice price inflation reaches highest ever level as supply struggles with reopening

08-Jul-2021 By James McAllister

Food and drink prices continued their upward trend in May with basket costs up by 2.5% on April, the latest edition of the CGA Prestige Foodservice Price Index shows.